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An agreement with the Pokagon Band of Potawatomi Indians
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An agreement with the Pokagon Band of Potawatomi Indians
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4/25/2017 4:35:30 PM
Creation date
4/14/2016 12:45:27 PM
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City Council - City Clerk
City Council - Document Type
Resolutions
City Counci - Date
4/11/2016
Ord-Res Number
4554-16
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EXECUTION COPY <br />(3). Provided that the Resort was the only casino conducting gaming that is <br />substantially equivalent to "Class I1'Gamuig ", as that term is defined in <br />subsection 2703('1) of IGRA., or Class III Gaming within a twenty - five <br />(25) mile radius of the Resort, excluding any other casino that;may be <br />operated by or on behalf of the Band or PGA; PGA guarantees that each <br />Annual ILT Payment made to the City pursuant to this subsection (d) will <br />not be less thaw+ <br />(A) ONE MILLION DOLLARS ($1,000,000.00) if throughout the <br />Annual ILT Payment period, excluding events or circumstances <br />within PGA's control, PGA had the physical infrastructure and <br />legal right to conduct gaining at the Resort at a minimum capacity <br />of not less thati. 850 Class I.I Games and not more than 1,699 Class, <br />II Games, or <br />(B) TWO MILLION DOLLARS ($2,000,000.00) if throughout the <br />Annual ILT Payment period, excluding events or circumstances <br />within.PGA's control, PGA had the physical infrastructure and <br />legal right to conduct gaming at the Resort at a minimum capacity <br />of not less than 1,700 Class II Games. <br />(e): Revenue Sharing from Class 111 Gaming. This Section exclusively addresses <br />revenue sharing by PGA with the City from a Resort that can lawfully conduct <br />Class III Gaming under an Indiana Compact. <br />(1). If the Band, or any person or entity on its behalf, operates Class III <br />Gaining pursuant to an Indiana Compact and IGRA and the Indiana <br />Compact contains provisions for the use of net revenues from Class III <br />Gaming to help fund operations of City agencies (regardless of the <br />amount of such payments or method of control or distribution), then the <br />provisions .in the Indiana Compact. that govern payments of such net <br />revenue to the City shall; (i) be applicable and control and shall supersede <br />the ILT Payment requirements for Class II Games in subsection (d) of this <br />Section 14; and (ii) except as expressed in Section 14(e)(2) of this <br />Agreement, PGA's obligations regarding payments of such net revenue to <br />the City shall be solely limited to those provided in the Indiana Compact. <br />(2), If the Band, or any person or entity on its behalf, operates Class III <br />Gaming pursuant to an Indiana Compact and IGRA and the Indiana <br />Compact contains no provisions for the use of net revenues from Class III <br />Gaming to help fund operations of City agencies, or if such payments are <br />less than two percent (2 %) of the Net Win from Class III Games, then in <br />such case PGA shall, upon the City's request and subject to any <br />Page 10 of 22 <br />
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